Constructing a monthly GDP indicator for Suriname

Sailesh Anand BHAGHOE, Karel ECKHORST

Abstract


Abstract. Advancements in data collection and data processing techniques revolutionized access to higher frequency data. A large body of literature focusses on these higher frequency data in advanced economies. In contrast, small less-developed economies often lack adequate and reliable databases of high-frequency economic indicators. We construct a monthly GDP indicator, using a well-established statistical methodology. To monitor the quality of the indicator, we treat it as an in-sample forecast with respect to December observation of GDP for 2012 -2018. The results show that the constructed monthly GDP indicator is reliable and therefore its methodology applicable in many small developing countries.

Keywords. Monthly GDP indicator, GDP.

JEL. C51, E30, E32.

Keywords


Monthly GDP indicator; GDP.

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DOI: http://dx.doi.org/10.1453/jel.v6i4.1963

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